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Board approves purchase of Caterpillar 312 mill, $232,995 with financing
Summary
Soldier Township approved buying a Caterpillar 312 mill for $232,995 with a $100,000 down payment from the Special Road Equipment Fund and 36 monthly payments of $4,304.10 to Caterpillar Financial Services; a 48-month powertrain and hydraulic warranty will be provided by Foley Equipment.
The Soldier Township Board authorized the purchase of a Caterpillar 312 mill at a purchase price of $232,995.00 during its March 5 meeting.
Clerk Mike Mathes moved "to purchase the Caterpillar 312 Mill for $232,995.00 with $100,000.00 downpayment (funds from Special Road Equipment Fund) and 36 monthly payments of $4,304.10 to Caterpillar Financial Services," and Member Glasgow seconded the motion. The board recorded the motion as carried 2-0. The board also accepted a 48-month powertrain and hydraulic warranty through Foley Equipment.
The transcript records the financing terms and the funding source for the down payment (Special Road Equipment Fund). The motion passed as a routine procurement authorization; staff were not recorded providing further cost-benefit analysis or trade-in details. Implementation will proceed through the road department budget and Caterpillar Financial Services arrangements.
